Analyzing and Identifying Financial Statement Effects of Stock Transactions (FSET) The stockholders' equity of Sougiannis Company at December 31 of the prior year follows. (1) 7\% preferred stock, $100 par value, 30,000 shares authorized; 7,500 shares issued and outstanding (2) Common stock, \$15 par value, 150,000 shares authorized; 60,000 shares issued and outstanding The following transactions, among others, occurred during the current year. Jan. 12 Announced a 3-for-1 common stock split, reducing the par value of the common stock to $5 per share. The authorized shares were increased to 450,000 shares. Sept. 1 Acquired 15,000 shares of common stock for the treasury at $10 cash per share. Oct. 12 Sold 2,250 treasury shares acquired September 1 at $12 cash per share. Nov. 21 Issued 7,500 shares of common stock at \$11 cash per share. Dec. 28 Sold 1,800 treasury shares acquired September 1 at $9 cash per share. a. Using the financial statement effects template, illustrate the effects of each transaction. - Note: Use negative signs with your answers, when appropriate. - Note: Select "N/A" as your answer if a part of the accounting equation is not affected. b. Indicate the impact of each transaction on the calculation of basic EPS. Prepare the December 31 stockholders' equity section of the balance sheet assuming that the company reports net income of $124,500. Note: Do not use negative signs with your answers. Capital stock disclosure: 7\% preferred stock, $ par value, shares authorized; shares issued and outstanding Common stock, $ par value, shares authorized; shares issued, of which shares are in the treasury d. Compute return on common equity for the year